Trading Summary (December 31, 2001)
The Toronto Stock Exchange had a quiet day, with light trading ending in a 13.44-point gain for the TSE 300 composi…
2001
Starfield sets sights on high-grade
Vancouver — Armed with $1.6 million, Starfield Resources (SRU-V) hopes to enhance the economic prospects of the Fe…
DRC tables new Afton resource (December 31, 2001)
Vancouver – Deeper drilling by DRC Resources (DRC-V) has boosted the mineral resource at the past producing Afton c…
Gold Canyon finds more gallium sniffs at Cordero
Seven out of nine holes drilled by Gold Canyon Resources (GCU-V) on its Cordero project in Humboldt Cty., Nevada, h…
Candor completes flow-through financing
Recently listed Candor Ventures (CND-V) has raised $270,000 for exploration on its Ontario properties, with just ov…
Pundits predict recovery in 2002
Vancouver — 2001 will not go down as a banner year for the global economy. Exactly when we entered the first recession in 10 years seems not to be an issue, but when we start to come out of it is.Mos…
Northgate financing will advance Kemess North project
Vancouver — Northgate Exploration (NGX-T) is attempting to raise $140 million through equity financing and recapitalization. A portion of the funds would be applied to the Kemess North project in nor…
2001 deals out the pain
Some are comparing 2001 with the first half of the 1980s, the last time metal prices were so bad. Others are comparing it with the depression after the crash of 1929. And so far, nobody has compared i…
More funding for OPA
The Ontario government will provide more than $3 million, through the Northern Ontario Heritage Fund Corporation (NOHFC), to finish restructuring the Ontario Prospectors Association (OPA).In November …
Spot Prices Wed. December 12, 2001 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$278.90+$5.65Silver$ 4.49+$0.20…
Yukon extends tax credit
The Yukon government has extended its mineral exploration tax credit by one year to April 1, 2003. The announcement was made at the Yukon Geoscience Forum in Whitehorse.The credit is a refundable corp…
PEOPLE (December 31, 2001)
AMT International — Karine Simoes and Dora Santschi appointed directors.Boulder — Nelson Baker appointed vice-president exploration and John Magee appointed vp corporate development.Crew Developm…